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Dragonchain test demo hits 15,000 transactions per second on its public network

Dragonchain test demo hits 15,000 transactions per second on its public network

“Enterprise-first” blockchain platform Dragonchain clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company’s official Twitter account. The test occurred on its live, production network.

Dragonchain said that a quarter of a billion transactions were fully processed within the 24-hour window, making for an average throughput of 2,800 transactions per second, and peaking at 15,000 per second.

Dragonchain transactions
Transactions processed – Dragonchain

The results are encouraging for Dragonchain’s claims of “unlimited scalability” purportedly enabled by the platform’s unorthodox consensus mechanism, Dragon Net. Instead of running a mainnet where all nodes share a homogenous ledger, Dragon Net mandates five “levels” of nodes whereby each node (user) stands alone as its own, unique blockchain, and fulfills a certain function within the network-wide verification process.

Dragonchain levels
Node, level count – Dragonchain

As a blockchain-as-a-service platform pitched at enterprises, Dragonchain describes its hybrid public/permissioned architecture as striking a balance between keeping sensitive business data private, while incorporating the security and transparency of decentralized public blockchains.

In 2018 the Seattle-based firm patented its “Interchain” system, which connects Dragonchain’s private network to a number of public blockchains including Bitcoin, Ethereum, and NEO. In practice, this mechanism gives businesses the ability to run the bulk of their operations on a private chain, and selectively publish information on a number of public blockchains.

Dragonchain Founder and CEO Joe Roets gave a nod to this after Thursday’s test demo, reporting that the 250 million transactions had been “memorialized” with the “combined security” of Bitcoin, Ethereum, Ethereum Classic, and Binance Chain.

Update @ Jan 11. at 9:01 pm Pacific time – the article title was updated to reflect the Dragonchain test occurred on its public, live production network.

Posted In: , Altcoins, Technology
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Jonnie Emsley
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Jonnie Emsley

Fintech Journalist @ CryptoSlate

Jonnie is a writer and blockchain enthusiast based in Ho Chi Minh City, Vietnam. Discovering new corners of the world and emerging tech trends makes him tick.

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